For the second week in a row, speculators shed bullish gold and silver futures and options contracts traded on the Comex division of the New York Mercantile Exchange, according to U.S. government data, with funds turning net-short silver in one of the reports.
For the week ended April 2, speculators in the Commodity Futures Trading Commission’s weekly commitment of traders report chopped the net-long position in gold, returning to levels seen in early March. That essentially wiped out most of the newly established bullish positions built during late March...............................................Full Article: Source